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CO-SALEAGREEMENTThisCo-SaleAgreement(this'Agreement')ismadeandenteredintoasof_________,_________,_________(M/D/Y)byandbetweenAAAUSA,Inc.,a_________(PLACENAME)corporation(the'Company'),(ii)BBB,Inc.('BBB')and(iii)CCC(sb)('CCC(sb)').A.Concurrentlyherewith,BBBandtheCompanyareenteringintothatcertainAgreement,datedasofthedatehereof(the'PrincipalAgreement;'capitalizedtermsusedhereinandnototherwisedefinedshallhavethemeaningsdefinedinthePrincipalAgreement),pursuanttowhich,amongotherthings,BBBwillacquiresharesofCommonStockandWarrantsinconsiderationofthelicensebyBBBoftheBBBLogosandtheBBBContentandprovisionbyBBBofcertainbroadcastadvertisingandpromotion.B.ToinduceBBBtoenterintothePrincipalAgreement,CCC(sb)hasagreedtoenterintothisAgreementandofferBBBtheopportunitytoparticipateincertainsalesofhissharesofCommonStockoftheCompany.NOWTHEREFORE,inconsiderationoftheaboverecitalsandthemutualcovenantsmadeherein,thepartiesherebyagreeasfollows:1.RIGHTOFCO-SALE.1.1NoticeofSales.IntheeventCCC(sb)proposestoacceptoneormorebonafideoffers(collectively,the'PurchaseOffer')fromanypersonstopurchasefromhimsharesoftheCommonStockoftheCompany,hepromptlyshallgivewrittennotice(the'Notice')toBBBdescribingfullythePurchaseOffer,includingthenumberofsharesofCommonStockproposedtobetransferred(the'Shares'),theproposedbonafidetransferpriceandthenameandaddressoftheproposedtransferee.TheNoticemaybeincludedasapartofanynoticerequiredtobegivenbyCCC(sb)underArticleEight,Section1oftheCompany'sBylaws.1.2ParticipationRight.TotheextentthattheCompanyandotherstockholdersoftheCompanyhavenotexercisedtheirrespectiverightsoffirstrefusaltopurchasetheSharesinaccordancewithArticleEightoftheCompany'sBylaws,BBBshallhavetheright(the'ParticipationRight')toparticipateinCCC(sb)'ssaleoftheSharesunderthetermsandconditionsspecifiedinthePurchaseOffer.TotheextentBBBexercisesitsParticipationRights,thenumberofShareswhichCCC(sb)maysellpursuanttothePurchaseOffershallbecorrespondinglyreduced.TheParticipationRightofBBBissubjecttothefollowingtermsandconditions:(a)NumberofShares.BBBmaysellitsProRataShareoftheSharescoveredbythePurchaseOffer.BBB's'ProRataShare'forpurposesofthisAgreementisthatnumberofsharesofCommonStockequaltotheproductobtainedbymultiplying(i)theaggregatenumberofSharescoveredbythePurchaseOffer,times(ii)afraction,thenumeratorofwhichisthesumofthenumberofsharesofCommonStockatthetimeownedbyBBBandthedenominatorofwhichistheaggregatenumberofsharesofCommonStockatthetimeoutstanding,assumingconversionofalloutstandingpreferredstockoftheCompanyandtheexerciseofalloptionsandwarrantsthenoutstanding.(b)ExerciseNotice.IfBBBdesirestoexerciseitsParticipationRights,BBBshallprovideCCC(sb),withinthirtydaysafterBBB'sreceiptoftheNotice,awrittennoticeofsuchelection('ExerciseNotice')specifyingthenumberofsharesofCommonStockthatBBBelectstosellpursuanttotheParticipationRights.EachExerciseNoticeshallbeirrevocable,unlessotherwiseconsentedtobyCCC(sb).(c)DeliveryofCertificates.BBBshalleffectitsparticipationinthesalebydeliveringtotheCompanypromptlyfollowingexerciseofitsParticipationRight,fordeliverytothepurchaseroftheSharesattheclosingofthetransactioncontemplatedbythePurchaseOffer,oneormorecertificates,properlyendorsedfortransfer,representingthenumberofsharesofCommonStockwhichBBBhaselectedtosellpursuanttotheParticipationRights.(d)TransferofShares.ThestockcertificateorcertificateswhichBBBdeliverstotheCompanypursuanttoSection1.2(c)shallbedeliveredbytheCompanytothepurchaserunderthePurchaseofferattheclosingofthetransactioncontemplatedbythePurchaseOffer;andtheCompanyshallreceiveonbehalfof,andpromptlyremittoBBB,thatportionofthesaleproceedswhichBBBisentitledtoreceivebyreasonofitsparticipationinthesale.(e)Closing.WhetherornotBBBexercisesitsParticipationRights,theclosingofthesaleoftheSharessubjecttothePurchaseOffershalltakeplacenotlaterthanonehundredtwenty(120)daysfollowingthedatetheNoticewasfirstdeliveredtoBBB.Attheclosing,CCC(sb)maysellanySharessubjecttothePurchaseOfferastowhichBBBhasnotexerciseditsParticipationRights;and,ifBBBhasexerciseditsParticipationRights,theconsummationofsuchsaleshallbesubjecttothesalebyBBBattheclosingofallsharesofCommonStockwhichBBBhaselectedtosellpursuanttotheParticipationRights.AnyproposedsaleontermsandconditionsmateriallydifferentfromthosedescribedintheNotice,aswellasanysubsequentproposedsalebyCCC(sb),willagainrequirecompliancebyCCC(sb)withtheprovisionsofthisAgreement.1.3Termination.ThisAgreementandtheParticipationRightsgrantedhereundershallterminateuponthefirsttooccurofthefollowing:(a)thetenthanniversaryofthedateofthisAgreement;(b)theexecutionofawrittenagreementtoterminatethisAgreementbyCCC(sb)andBBB;(c)theconsummationofthefirstsaleofsecuritiesoftheCompanytothepublicpursuanttoaneffectiveregistrationstatementfiledbytheCompanyundertheSecuritiesActof1933,asamended;(d)thefirstdateonwhichBBBoranyassigneetowhichsuchParticipationRightshavebeenassignedpursuanttoSection2.1hereof(i)ownCommonStockrepresentinglessthan10%ofthenumberofsharesoftheCompany'sCommonStockthatwouldbeoutstandingifallthenoutstand
本文标题:CO-SALE AGREEMENT
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